What is REIDAO?

REIDAO is creating tokens (digital assets) backed by real estates with its unique Token ID (think stock-ticker) for every property that is listed on the platform. Every Token ID will have its own cap of tokens available/created, its own valuation - based on the property that is backing it, and its own track record (of price movements, rental income/dividend, and so on).

We want to democratised property opportunities, to be accessible by everyone, wherever they are. By buying and selling these tokens, you are - in a way - buying and selling fractions of the underlying property. We have created a structure including Public Trust Company to create the link between the tokens and the actual properties.

Our vision is to have a Property Tokens Exchange Board, just like a stock exchange, where it will list all the available property tokens globally that has been tokenised.

Benefits

By putting real estate ownerships on the blockchain, we open up a new way to invest in real estate markets.

Crowdsale

Based on the DAO model, real estates can be put
up for sale in the form of DAO tokens, where token owners will vote on
strategic issues regarding the real estate.

Diversification

Instead of putting one big amount of capital to
a single real estate, now you can divide them up and invest in smaller
pieces of many real estates.

Liquid Market

Each ownership token can be independently
traded, which creates a lower point of entry to own a piece of a real
estate, compared to the traditional way.

Global

Gain access to real estates market globally.

Versatile

Your asset ownership tokens can be transferred,
inherited, or used as collaterals. It is basically a store of value
that is backed by real world's real estates.

Secure

Actual ownership of the real estate is held by
registered trust companies in which jurisdiction the real estate is in,
making sure that it is managed to benefit the DAO.

Crowd-owning — The Next Step for Real Estate Ownerships

Potential use-case of having a digitised form of real estate ownerships.

By

Darvin Kurniawan (Founder & CEO)

We
should think about the blockchain as another class of thing like the
Internet — a comprehensive information technology with tiered technical
levels and multiple classes of applications for any form of asset
registry, inventory, and exchange, including every area of finance,
economics, and money; hard assets (physical property, homes, cars); and
intangible assets (votes, ideas, reputation, intention, health data,
information, etc.). But the blockchain concept is even more; it is a new
organizing paradigm for the discovery, valuation, and transfer of all
quanta (discrete units) of anything, and potentially for the
coordination of all human activity at a much larger scale than has been
possible before.

Blockchain: Blueprint for a New Economy

Melanie Swan

You
might have heard at least once in your life that real estate is the
king of investments, and that 90% of millionaires are made through real
estate investments. At one point of time, you may have thought that you
should diversify some of your savings/investments to buying real estate
and/or real estate investment trust (REIT). You may even have convinced
yourself that a particular real estate you’ve had your eye on will
appreciate in value — lo and behold (or maybe not that surprising), it
increased in value indeed, right under your watchful eye.

If
you have succeeded and are now holding an income-producing property as
an investment, good for you. But if you are like me and most other
people, we have procrastinated due to one reason or another: the fact
that buying real estate involves some major commitments, or we don’t
have the financial capacity to invest in real estate, which requires a
prodigious amount of cash as downpayment, the hassle of applying for a
bank loan, among other things.

What
if we tell you that you are not alone? We believe many people have
missed lucrative real estate opportunities exactly because of the
reasons mentioned above. And this is exactly the problem that we are
looking to help you solve.

Thanks to a wealth of advancements in technology, it is now possible to create digital assets that we can use to store value, such as real estate, and trust in its transparency. Let’s throw the spotlight, temporarily, on the innovative technology at the core: Blockchain — core technology behind Bitcoin — is a distributed database that is capable of maintaining a continuously-growing list of records that is secured from tampering and unauthorised revision. As it can, and will, reside across a network of public computers, the blockchain is authenticated across this distributed network before any new transactions are verified, cleared and stored in a block that is linked to the preceding block. More secure and tamper-proof public ledger to record ownerships

REIDAO (www.reidao.io)
is a Singapore-based company which is creating digital assets backed by
a specific real estate. This process is called “tokenisation”. Each
real estate can be broken up into many tokens with a set value, and each
token can be independently traded, making it an ideal alternative real
estate ownerships form.

Imagine
a real estate asset with a market value of USD 1,000,000.
Traditionally, you would have to cough up the downpayment to purchase
the real estate (e.g. USD 200,000 if 20% downpayment), and to be able to
secure the loan required for the balance amount.

With
REIDAO, the same property will be broken up into many tokens — let’s
say, 100,000 tokens. With a market value of USD 1,000,000, each token
will be valued at USD 10. Put simply, property ownership of this real
estate is broken up into 100,000 pieces with a value of USD 10 each. You
choose to participate in the purchase according to your financial
ability.

Leveraging
on blockchain technology for authentication, these tokens are valid
cryptoassets and should be treated similarly to other cryptocurrencies
(e.g. Bitcoin, Ether, etc). They are held in a digital wallet where you,
as the owner, hold the (private) key to access it. These tokens will
maintain their value according to the underlying asset that backs them
up.

Just
like cryptocurrencies, these tokens can be traded independently. You
will be able to list your token(s) for sale on our platform where
potential buyers can view them and will buy it from you if they agree on
your asking price (or let negotiations ensue). This mitigates one of
the most common problems in traditional real estate where it is usually
difficult to find a buyer. In this type of ownership, you are not
selling the whole property; you are only selling a portion of the said
property.

The
tedious paperwork usually attached to the traditional way of investing
in real estate is also eliminated. Proof of transactions of the tokens
are recorded in a public ledger where they are secured
cryptographically, making it almost impossible to be hacked and altered.

As
we grow, we will be listing multiple types of real estate from multiple
cities around the world, enabling you to diversify your property
ownerships to many regions that you traditionally would not have access
to.

In
the end, we hope that what we are doing will help in level-ing the
playing field of real estate opportunities, putting you and I on the
same level as the “big boys”.

Stay tuned for our updates and announcements on our first property sale for the Proof of Concept! Reach out to us at [email protected] to join our updates list and Slack community.

REIDAO in Media:

Team:

NEO Kok Beng

Founder, Chairman. Adjunct Associate Professor, National University of Singapore.

Donate me (Cryptoking) On following addresses

BTC: 1H9AFcYdZb6mt3wDHg1hc2AjnqrXzmv4xo

ETH: 0x2587512b27867c2d466c02ccf11424002baac8b4

REIDAO — Civic Partnership

We are happy to announce REIDAO partnership with Civic — Secure Identity Platform.

As REIDAO is dealing with an asset class that is highly regulated, KYC
(Know Your Customer) has been an area that we are paying attention to.
We have been looking for a solution that will be able to support us in
this area and we are glad that we found it.

For our
upcoming Proof of Concept fundraising event, users that have already
signed up with Civic will be able to use their Civic credentials to
register with REIDAO, and likewise users that signed up directly with
REIDAO will have the opportunity to port their registration information
to Civic so that they can reuse them with other services with ease.

We believe collaboration is key in building up a healthy Ethereum ecosystem that will benefit everyone involved.

More communication channels:

REX and REIDAO Announce Partnership to Redefine Real Estate

We are
pleased to announce REX and REIDAO are engaged in partnership
discussions to explore how the accordant projects can work together in
creating efficiencies in the global real estate industry.

REX
and REIDAO — two leading real estate projects built on the
blockchain — intend to lay the foundation of an open, global, real
estate marketplace by utilizing the REX platform and the REIDAO
currency.

REX
and REIDAO are exploring an early release of the REX’s signature RexDex
trading platform, on which REIDAO token holders can trade REIDAO’s
property-backed digital assets worldwide.

“We
are excited to be engaged in partnership discussions with REIDAO.
Through joint collaboration, REX and REIDAO will propel the global real
estate industry to new heights in both efficiency and
innovation.” — Stephen King, CEO/Co-founder of REX

“The
core value proposition for tokenized real estate is to have them easily
tradeable. We believe working with REX to have REIDAO’s property token
listed on RexDex is a move towards that end goal.” — Darvin Kurniawan,
CEO/Co-founder of REIDAO

The
REX team will visit REIDAO’s headquarters in the fall to discuss the
regulatory and technical aspects of launching the exchange.

ABOUT REX

REX’s
mission is to connect vendors, buyers, and agents over a decentralized
network that rewards contributors for their participation via a global
real estate listings database that is open and accessible by all.

Check
out our YouTube channel where you can find our newest videos including
our brand new REX TV video series with REX’s very own Lauren Glasses.
She will be interviewing brokers, lenders, developers and technologists
on real estate, Ethereum and all things REX!